fintech

THETA Token Enters The Top 10 List Of Cryptos By Market Cap

FRNT Financial

March 23, 2021

THETA's move into the Top 10 cryptocurrencies by market cap makes it the 5th network with smart contract capabilities in that group. This coincides with elevated recent Google search volume for the term “smart contract.”

Coinbase Agrees To Settle Charges With The CFTC

FRNT Financial

March 22, 2021

With the firm agreeing to pay a penalty of USD 6.5 million and not admitting fault, this is one of several instances regulators have shown they’re willing to forgive behavior reflective of the gray regulatory history of crypto in certain situations, for certain firms.

A Number Of Security Breaches Highlight Room For Improvement In Crypto Spaces

FRNT Financial

March 18, 2021

On Monday, Binance Smart Chain (BSC) DeFi venue PancakeSwap had its site “compromised by a third party” asking users to enter crypto wallet private keys while over the weekend hackers stole digital art from NFT marketplace Nifty Gateway. The episode highlights the novel security challenges faced by new crypto applications. 

Binance Is Under Investigation By The CFTC

FRNT Financial

March 16, 2021

Binance allegedly allowed U.S. residents to trade derivatives that violate local rules, Bloomberg reports. This is confirmation that crypto, particularly unlicensed foreign derivative venues, remain in the focus of U.S. regulators.

PayPal Announces Acquisition Of Curv, A Tel Aviv-Based Crypto Startup

FRNT Financial

March 9, 2021

PayPal announced that it’s acquiring Tel Aviv-based crypto custody startup Curv in order to “accelerate and expand its initiatives to support cryptocurrencies and digital assets.” The acquisition reflects the challenges non-crypto firms face in participating in the space without the support of crypto-native firms.

What's The Real Environmental Impact Of Bitcoin Mining?

FRNT Financial

March 4, 2021

While that footprint is significant, BTC critics on this front simplify the issue, fail to draw comparisons to other commodities, and overlook the asset’s potential contribution to sustainability. 

SEC Chair Nominee Gensler Talks Crypto In Tuesday's Confirmation Hearing

FRNT Financial

March 3, 2021

Gensler’s confirmation follows remarks from SEC Commissioner Hester Peirce, in which she criticized “the lack of clarity around crypto.”

China Proposes A Regional Ban On Bitcoin Mining

FRNT Financial

March 2, 2021

Yesterday, several outlets reported that the government of the Chinese region of Inner Mongolia is planning to shut down crypto mining as part of broader efforts to meet energy efficiency standards. The move isn’t expected to have a significant impact on mining, which is increasingly distributed around the globe.

Cardano's ADA Hit An All-Time High On Saturday, Achieving A Market Cap Of $42 Billion

FRNT Financial

March 1, 2021

ADA’s rally comes ahead of the network’s March 1 “Mary” upgrade, described as introducing “native tokens [and] multi-asset support” on the network.

The New York Attorney General Settles Its Case With Bitfinex And Tether

FRNT Financial

February 24, 2021

Yesterday, the New York Attorney General (NYAG) announced it had settled the case over a USD 850 million loan between the 2 firms. The settlement of the case, which was revealed in April 2019, is of key importance for Bitfinex, Tether, and crypto more broadly.